Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, June 3, 2013

New Tax System Spurs BP to Invest $1 Billion in Alaska’s North Slope

BP has just announced that it intends to invest $1 billion into increasing the crude oil production along Alaska’s North Slope.The plans include the installations of an additional two new drilling rigs in Prudhoe Bay, as well as new well work and drilling, and an upgrade to existing facilities.BP also hopes to begin a separate $3 billion project to develop the west end of the Prudhoe Bay field, de

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